“After a second quarter that confirmed the potential for profitability of our personalized e-commerce activities within an environment of reduced marketing investments, this third quarter offered yet another demonstration of Claranova’s growth potential. With nearly €100 million in revenue in this quarter and growth at constant exchange rates of 39%, Claranova registered another quarter of very strong growth and confirmed the relevance of our target for revenue of €700 million by 2023“, commented Pierre Cesarini, CEO of Claranova group.
Q3 2020-2021 (January-March 2021) was Claranova’s 17th consecutive quarter of growth with revenue of €96 million, up 39% at constant exchange rates and 30% like-for-like from the same period last year.
This quarterly momentum reflected robust gains by the personalized e-commerce activities (PlanetArt), up 55% at constant exchange rates and the return to growth by the software publishing activities (Avanquest). Based on this particularly strong third quarter performance, Claranova reported revenue of €373 million for the first nine months (July 2020-March 2021) or growth of 28% at constant exchange rates and 20% like-for-like.
